Suspension of the Black Sea Grain Initiative: What has the deal achieved, and what happens now?

Joseph W. Glauber and David Laborde Debucquet

Chapter 21 in The Russia-Ukraine conflict and global food security, 2023, pp 108-111 from International Food Policy Research Institute (IFPRI)

Abstract: Russia’s October 29, 2022, announcement that it was suspending its participation in the Black Sea Grain Initiative — which allows shipments out of Ukrainian ports — was not a surprise; Russia had been skeptical of the deal from the start. But now the supply disruptions will begin again: the move will have a negative impact on Ukraine, its customers, and world market prices — and on global food security, particularly for countries in the Middle East and North Africa (MENA) region. Not only are those countries more dependent on Ukraine as a supplier of wheat and other grains, but they tend to buy more during the winter to supplement their own harvests, which are largely consumed by the end of the year. The renewed interruption in imports could increase food insecurity in these countries and potentially exacerbate political tensions.

Keywords: imports; shock; policies; war; coronavirus; covid-19; cereals; agriculture; markets; trade; coronavirinae; russia; food security; ukraine; conflicts; coronavirus disease; prices; climate change; Russia; Ukraine; Eastern Europe (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hdl.handle.net/10568/140106

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:9780896294394_21

Access Statistics for this chapter

More chapters in IFPRI book chapters from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().